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32 ENAV – 2014 Financial Statements

                                              Industrial relations

                                                   An extremely important event for the ENAV Group’s Industrial Relations
                                                   was the signing of a collective labor agreement on 27 May 2014, after
                                                   working through a progressive and often chaotic regime of regulations,
                                                   memorandums, labor union agreements, and corporate agreements.

                                                   ASSOCONTROL, representing affiliated companies ENAV, Techno Sky and
                                                   SICTA, and the labor unions FILT-CGIL, FIT-CISL, UILT and UGL-T, signed
                                                   the specific part of the National Collective Labor Agreement for the Air
                                                   Transport Industry for direct and related ATM Services. The Agreement is
                                                   especially significant because it was the first to be signed anywhere in the
                                                   industry, thereby starting an ambitious project to involve all players in a
                                                   commitment to adopt a single collective agreement for the entire domestic
                                                   air transport industry (with about 55 thousand employees), while still
                                                   considering the respective and independent rules that characterize their
                                                   various activities.

                                                   The agreement is an essential step toward a National Collective Labor
                                                   Agreement for the entire air transport industry, and confirms the efficacy
                                                   of the new industrial relations model adopted by social partners, labor
                                                   unions, and employer associations (Assaereo, Assocontrol, Assareoporti,
                                                   Assohandling, Assocatering and FAIRO), which, together with the
                                                   institutional authorities that govern the industry, have offered their
                                                   support to define conditions for serious and methodical negotiations that
                                                   can provide the necessary balance to the sector and guarantee protection
                                                   and expansion of employment in the domestic air transport industry.

                                                   Air transport negotiations, begun at the Ministry of Infrastructure and
                                                   Transport in 2011, led to the signing of a protocol for stipulation of an
                                                   agreement for the domestic air transport industry. The protocol signed by
                                                   the government, employer associations and the most representative labor
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